Cement export from Bangladesh falls in 5MFY19-20

Cement export from Bangladesh falls in 5MFY19-20
06 December 2019

Bangladesh's cement industry has earned an export revenue of US$4.08m during July-November 2019, compared to US$4.92m earned in same period last year. This translates a fall of 17.1 per cent YoY. The export figure also includes a minor amount of salt, stone and related products, says data of  Bangladesh Export Promotion Bureau (EPB).
The export value for cement fell 2.2 per cent below the target of US$4.17m, set by the government for first five months of FY19-20.
The EPB had set an export target for cement industry at US$10.5m for FY19-20 compared to US$14m for the previous fiscal year. Actual export proceedings in FY18-19 stood at U$10.41m. Therefore, the new target has been revised downward by 25 per cent, due to continuously growing domestic demand, increasing competition and other factors.
Cement is reportedly being exported by Bangladeshi cement producers to India, Myanmar, Nepal, Maldives and Sri Lanka.
The country's total export earnings continued the negative trend as merchandise shipment witnessed a 7.59 per cent fall during the last five months of current fiscal year of 2019-20. The aggregate export earnings during January to November of FY19-20 stood at US$15.77bn against US$17.07bn earnings of the corresponding period of last fiscal, according to the Export Promotion Bureau (EPB) data.

Published under Cement News